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Certification of Termination of Regulatory Agreement WHEREAS, the City of Little Canada (the "City "), Minnesota, Housing Alternatives Development Company (the "Company ") and First Trust National Association, now U.S. Bank National Association, a national banking association (the "Trustee ") have executed a certain Regulatory Agreement, dated as of December 1, 1997 (the "Agreement ") recorded on April 14, 1998, in the office of the Registrar of Titles for Ramsey County, Minnesota, as Document No. 1184060, in with respect to the following described land, to -wit: The North 691 feet of the West Half of the Southwest Quarter of Section 5 and the East 330 feet of the North 691 feet of the Southeast Quarter of Section 6, all in Township 29, Range 22, except those parts thereof described as beginning at the Northeast corner of said Southeast Quarter; thence West along the North line of said Southeast Quarter to the West line of the East 330 feet of said Southeast Quarter; thence South along said West line of the East 330 feet, a distance of 350 feet; thence East 350 feet to a point 350 feet South, as measured at right angles, from the North line of said Southwest Quarter; thence North 350 feet to a point on said North line of the Southwest Quarter, distant 20 feet East from said Northeast corner of the Southeast Quarter; thence West along said North line to said Northeast corner of the Southeast Quarter, the Southerly and most Westerly boundary lines of which are marked by Judicial Landmarks set pursuant to Torrens Case No. 11805. WHEREAS, the Agreement contained certain covenants and restrictions which were intended to run with the land and be binding upon the Company, its successors and assigns; and WHEREAS, pursuant to an Assignment and Assumption Agreement, dated February 9, 2005 recorded on April 7, 2006 in the office of the Registrar of Titles for Ramsey County, Minnesota, as Document No. 1957832, Montreal Courts, LLP (the "Owner ") assumed the duties and liabilities under the Agreement and as assignee and successor of the Company is authorized to execute this Certificate; and WHEREAS, the City and the Trustee, their successors and assigns, were given in said Agreement the full and absolute right and obligation to amend or terminate or delete such restrictions and to execute and deliver this Certificate for and on behalf of all persons and entities who might have been benefitted by such covenant and restrictions; and WFIEREAS, under the terms and provisions of Section 15 of said Agreement it is now an Appropriate Time (as such term is defined in the Agreement) to deliver this Certificate and to amend or terminate or delete such covenants and restrictions; NOW, THEREFORE, this is to certify that the Agreement is null and void and of no further force or affect; the Registrar of Titles in and for the County of Ramsey and State of Minnesota is hereby authorized to accept this instrument for recording as a conclusive determination of the termination and release of the Agreement, as specified and as a complete termination of all rights and other remedial provisions of the Agreement. Dated this day of September, 2013. io